Macroecon

What are the assumptions that could be made to simplify the study of the the after affects of Katrina on Louisiana's economy.

1. "Track the total net worth of the output produced by the state prior to the hurricane and after the hurricane."
2." Focus on just the crawfish and catfish farming industries in Louisiana."
3. " compare the changes in price for all goods."
4.Determine the affects while holding the infastructure and the FOP constant."
5. "consider the affect on all of Louisiana's interstate trade partners."

I am pretty sure 1 and 2 are included
but,I am unsure whether to include 3 ,because it doesn't seem to simplify the problem like an assumption should, but it is something always done monthly regardless.

Thanks

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asked by Jake

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